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Wells Fargo Launches Down Payment Grant Program

Wells Fargo Launches Down Payment Grant Program

by Phil Hall | Aug 10, 2023 | Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wells Fargo (NYSE:WFC) Home Lending is now offering $10,000 Homebuyer Access grants that will be applied toward the down payment for eligible homebuyers who currently live in or are purchasing homes in certain underserved communities in eight major metro areas. The...
Declines Recorded in Foreclosure Activity and Mortgage Delinquencies

Declines Recorded in Foreclosure Activity and Mortgage Delinquencies

by Phil Hall | Aug 10, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Two new data reports offer mostly positive news for mortgage servicers, as foreclosure activity and delinquency rates recorded respective declines. There was a total of 31,877 properties with foreclosure filings in July, according to new data from ATTOM. This...
Hawaiian Wildfires Kill 36, Destroy More Than 270 Structures

Hawaiian Wildfires Kill 36, Destroy More Than 270 Structures

by Phil Hall | Aug 10, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The wildfires sweeping across the Hawaiian island of Maui have killed 36 people and destroyed more than 270 structures, according to Maui County officials. CNN is reporting that most of the western Maui community of Lahaina has been destroyed and hundreds of...
Mortgage Rates Rise For Third Straight Week

Mortgage Rates Rise For Third Straight Week

by Phil Hall | Aug 10, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their upward odyssey for the third week in a row, coming within a hair of the 7% mark. According to the Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.96% as of Aug. 10, up from last...
Jenna Rozenblat Named Chief Operating Officer at The Real Brokerage

Jenna Rozenblat Named Chief Operating Officer at The Real Brokerage

by Phil Hall | Aug 10, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) has promoted Jenna Rozenblat to chief operating officer. In her new job, Rozenblat will be responsible for overseeing Real’s day-to-day operations, implementing strategies to enhance efficiency and ensuring the execution of the...
Manhattan Average Rents Set New Record at $5,588 Per Month

Manhattan Average Rents Set New Record at $5,588 Per Month

by Phil Hall | Aug 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Living in the Big Apple is not for the financially faint of heart, as new data from Miller Samuel and Douglas Elliman recorded the average monthly Manhattan rent in July was $5,588, up 9% year-over-year and a new record. Manhattan’s median rent also set a new record...
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